PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has emphasised that the RM1.1 billion injection into Sapura Energy Bhd is a loan, not a sunk cost, and must be repaid.
“Is this a sunk cost? No. This injection serves as loan capital, enabling the new management—hopefully—to operate more effectively, turn a profit, and repay the RM1.1 billion.
“It is not merely a fund injection but a structured loan,“ said Anwar, who is also Finance Minister, at the Ministry of Finance (MOF) Joint Assembly today.
He said the decision followed a rigorous process, including a forensic audit by international accounting firm Ernst & Young (EY) to assess the company’s real challenges.
